Leo Financial Services LLC
Online
Online
With up-to-date bookkeeping, you will be prepared to make well-informed business decisions. Let me take care of your burden to maintain your book closely day in and out. You will be worry-free when I am certified QuickBooks Online ProAdvisor, to help you focus on recording your financial transactions of a business with affordable prices, and making sure you're 100% happy. Give me a call today and see what I can do for you.
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What kind of accounting services do you provide?
Every month we will categorize all business-related income and expense transactions and issue you a monthly financial statement consisting of a Balance Sheet and a Profit and Loss. These reports will help you understand your business's past to make decisions on your business's future. They are required in order to do any tax planning or to fund your business with mid-year loans. Unlimited email and text support are also included.
Anything above and beyond basic tracking of income and expense items for the month is not included in the monthly price above. However, additional services are available as an add-on to your basic bookkeeping package. These add-ons include accrual basis accounting, detailed financials showing class tracking or job profitability, invoicing, bill payment, payroll, sales tax filing, tax planning and preparation, and legal help. Monthly strategy sessions are also available for additional fees.
Why is it so important for businesses to hire a great accountant?
Few things are more stressful for business owners than scrambling to get poorly maintained financial records ready for tax season. In addition to the panic of last-minute filing, inaccurate or incomplete documentation can lead to serious penalties, fines, and even an audit. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable future goals.
What do you love most about your job?
My favorite job's to identify, categorize and record transactions accurately, to help business owners determine which financial management method's right for their business, and make the right decisions depending on the nature of the business.
What inspired you to start your own business?
My passion's business and realized that accounting is the language of business. I have put my talents to service business owners in financial management, practice financial concisely and effectively. More than ever, I want to bring beneficial services to businesses to contribute to a strong and prosperous community.
Why should our clients choose you?
Many of our team members are CPAs, legal professionals, and Certified Pro-Advisors. You can rest assured that you are working with the highest quality professionals. We also belong to a large network of financial professionals so if there is a question we have not seen before, we have a lot of resources in our back pocket to find an answer for you fast.
Can you provide your services online or remotely? If so, please add details.
Due to the flexible nature of bookkeeping work. We currently serve our clients remotely. However, we pride ourselves on being very responsive to our client's important inquiries. We strive to respond within 24 hours AT MOST (except over weekends and holidays). If we are very busy, we will respond to let you know we've received your email and will address it shortly.
What changes have you made to keep your customers safe from Covid-19?
No walking services! However, we use standard M-F 8-5 work hours to address emails and phone calls.
Bookkeeping Service
*Review general ledger accounts for accuracy and confers with you regarding items not fully understood.
*Record all necessary journal entries to reflect correct accounting records.
*Reconcile checking accounts and credit accounts with the monthly bank statements for proper account balance and identify any errors.
*We will correct entries directly to identify the source of each adjustment. We will tell you of these adjustments and make you aware of any corrections.
Financial Reports (Balance Sheet and Profit and Loss) will be issued monthly on a cash basis only.
Payroll Services
The process generally consists of three phases:
1. Pre-payroll
We gather relevant data from you on the pay period based on defined company policies and regulatory requirements, including hours worked by non-exempt employees, exception time (i.e., vacation, sick, jury duty, etc.), and employee adjustments, such as new hires, separations, salary increases or changes to benefit deductions and tax withholdings. This information is then verified and used to process payroll.
2. Input & Calculate Data
We input the data to the software for each employee earned during the pay period and withhold taxes and deductions, resulting in net pay. We also accrue their own tax liability for the same time frame.
3. Post-payroll
We reconcile payroll, and deposit taxes by the appointed due date, and process any related payments, such as wage withholding orders. Additionally, we compensate employees, along with a pay stub or wage statement, which is required in most jurisdictions.
Through time tracking, we work with you to make sure accurately track the hours worked by non-exempt employees each workweek to correctly calculate pay. Time tracking isn’t as crucial for salaried employees because their gross pay is the product of their annual salary divided by the number of pay periods in the calendar year. However, some non-exempt employees may earn a salary, in which case, their hours must be tracked to ensure any overtime work is paid, as required by law.
